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1.
A term linking the words pussy and vagina together. Used as a derogatory term you call your friend when he's being an absolute wuss and calling him a pussy or a vagina just will not do.
Chadd is cooking his girlfriend some dinner instead of meeting us out for a beer, what a vagussy, he needs to grow a pair.
by Peter . Heineken May 09, 2008
 
2.
A posh and common term used for a ladys muff
pussy X vagina = vagussy

' wow she had such a tight vagussy! '
by naneesh November 09, 2006